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and some confidence. all right. we'll be watching. clarity. thank you, alison. appreciate it. if congress can't reach this deal by midnight, higher taxes is not the only concern for a lot of folks. many families may not have money many can youing in at all. nearly 2 million people are at risk of losing their long-term federal unemployment benefits as the new year begins. another 1 million workers are going to exhaust their 26 weeks of state unemployment benefits in the first quarter and are not going to be able to file for a federal extension. joining us now is the president of optimum capital management ryan mack. ryan, good to see you. first of all, a lot of people very worried here because we are talking about those who are really at risk, those who might not get their unemployment benefits. what kind of options do they have. >> essentially, these are a lot of individuals operating out of fear. we do a lot of work around the country talking to those collecting the checks and basic questions, am i going to be able to eat? am i going to be able to pay for housing and shelter? these are b
with the u.s. congress and he joins us now. thanks for joining us first of all and you have identified four key sources of the dysfunction that we watched on display for the last few weeks. can you take us through those? >> sure. i begin by saying what really drives members of congress crazy about the other party is they listen to the arguments on the other side and just don't believe that the other side is telling the truth. i think that fundamental disbelief drives the dysfunction that we have today. during the 12 years i was in congress, it was the phrases that we heard over and over again. tax cuts pay for themselves. we don't have to worry about them. we will be welcome as liberators in iraq. we weren't. government regulated or run health care doesn't work. half of the people in this country get medicare and medicaid and va health care and one form or another. the best of them all, science is not proven. you hear those things and you just can't believe that in this case the republicans are believing what they say. this creates a wall of distrust and frustration that spills over. on the
>>> thanks to the votes of democrats and republicans in congress. i will sign a law that raises taxes on the wealthiest 2% of americans while preventing a middle class tax hike that could have sent the economy back in a recession and obviously had a severe impact on families across america. >> the fiscal cliff avoided for now in one final late night vote in washington. good evening. happy new year. i'm cheryl jennings. dan ashley and carolyn johnson have the night off. it means most of us, most of us will avoid a big income tax hike. it came after a bitter debate, but as one republican congressman said tonight, you have to know when to hold em and know when to fold em. now more from karen travers. >> after months of drama and last-minute negotiations congress finally passed legislation to avoid the fiscal cliff. after the vote, a rare late-night statement from president obama. >> this law is just one step in the broader effort to strengthen our economy and broaden the opportunity for everybody. >> lawmakers completely blew their deadline. they didn't get the grand bargain that b
president joe biden. biden was instrumental in getting both sides to compromise. >> thanks to the votes of democrats and republicans in congress, i will sign a law that raises taxes on the wealthiest 2% of americans while preventing a middle-class tax hike that could have sent the economy back into recession and obviously could have had a severe impact on families all across america. >> the deadline that congress imposed on itself had already passed, but it did not cause any real harm because important ro financial markets remained closed on new year's day. automatic tax increases could have pushed u.s. back into economic recession -- pushed the u.s. back into economic recession. tax rates will go up for only those earning over $400,000. in herington is -- inheritances over $5 million will also be heavily taxed. president obama immediately left washington to rejoin his family in hawaii, but the next battle is already in view. in the next two months, congress will need to raise the debt limit to allow treasury to borrow more money and it must agree on spending cuts to reduce the deficit.
republicans. >> thanks to the votes of democrats and republicans in congress, i will sign a law that raises taxes on the wealthiest 2% of americans while preventing a middle class tax hike that could have sent the economy back in a recession. >> i wish i could say this was a proud moment. a moment in which we started the year off right. in which the first of january was the first of great many good things. it isn't. we are kicking the can down the road. >> new members of congress will be sworn in tomorrow and over the next two months they will have to resolve the issues this last minute deal does not address. here are some of the provisions of the deal passed last night. a permanent extension of previous tax cuts for all taxpayers. expect for individuals making $400,000 a year. or couples making more than $550,000. and it postpones decisions on controversial spending cuts for two monthst. >>> the house of representatives wrapped up its session last night without voting on legislation to authorize assistance for victims of super storm sandy. that caused an outcry from new york area lawmakers
. >> thanks. >>> there is one way to save money if congress doesn't resolve the fiscal cliff. fill out the application for the homestead tax credit a half million maryland home own verse not filled out -- homeowners have not filled out the form. yo no -- you no longer get the credit automatically. you have to fill out the application to cut out the fraud. >> we have been a homeowner for 30 years so i wantmy money. >> everybody has 2 amcation --applications mailed to their home. >> you must have be application post marched by december 31st. go to our website for more information. >>> put the harps back in the closet the words from former president george h.w. bush to those concerned about his health this morning. his family is confident he will be out of the icu very soon. he is treated in the intensive care unit for a fever at the hospital in houston where he's been for a while. the 88-year-old has been in the hospital for more than a month after first coming down with broonchitis. he is the oldest living former president. >>> and one of the nation's top warriors is being remembered fo
. tonight we have done that, thanks to the votes of democrats and republicans in congress i will sign a law that raises taxes on the wealthiest 2% of americans while preventing a middle-class tax hike that could have sent the economy back into recession. >> as well as a new higher tax rate for families earning more than $450,000 per year, fewer than 1% of the population. the bill shows an extension of unemployment benefits for 2 million of the country's unemployed, putting more than $100 billion worth of spending cuts on hold for the next two months. what it does not do is address other, potentially more troubling aspects of the american economy, like the country's massive federal debt of more than $16 trillion. in the absence of a broader tax increases, this legislation is likely to add to the debt. but it does at least stave off the threat of automatic spending cuts and across the board tax increases that would have been triggered by the fiscal cliff. after months of wrangling, neither side was happy, but at least they were in the mood to compromise. >> following the lead of the senate, t
quarterback. >> tonight, we have done that thanks to the votes of democrats and republicans in congress. i will sign a law that raises taxes on the wealthiest 2% of americans while preventing a middle-class tax hike that could have sent the economy back into recession and had a severe impact on families across america. i want to thank all of the leaders of the house and the senate. in particular, i want to thank the work was done by my extraordinary vice president, joe biden, as well as leader harry reid, speaker boehner nancy pelosi, and mitch mcconnell. everybody worked very hard on this. i appreciate it. once again, i want to thank you for your great work. under this law more than 98% of americans and 97% of small businesses will not see their income taxes go up. millions of families will continue to receive tax breaks to help raise their kids and send them to college. companies will continue to receive tax credits for the resources that they use, the investments that they make, and the clean energy they create. for those americans out there looking for work, they will continue to recei
with environmental pressure groups. and i think you know, it could be embarrassing. tom: myron thank you for joining us. congress -- republican congressman ben harper is joining me about that e-mail situation, congressman, do have you plans for lisa jackson to come before your committee to testify. >> i think we almost have a rve parking pce for lisa jackson on capitol hill for the many times she has appeared before our commity and others. and it is a great concern. i know that this is being looked at and it is amazing there could be 12,000 e-mails perhaps more, that will shed some light o this. but tom, one thing i can assure you, i would almost rest assure there is no one using a private e-mail account for official business today. so, as we get to the bottom of what is taking place with lisa jackson. tom: i am looking at a letter sense out today by committee of science, space and technology, they are talking about a man in department of energy, running the loan gar abty program who was using private e-mail accounts and office of science and technology, technology officer there conducting business
negatively meaning if there aren't efforts addressed by congress to address the long-term deficit it could affect the aaa rating. outlook by them is negative in large part because of concerns about the long-term deficit problems. guys, back to you. >> thank you, mary. so they are saying, we've got one piece of the puzzle done, the taxation part. now they have to worry about the spending part, and if they don't do enough we could be seeing a downgrade. >> the question is does it matter? at what point does it matter? >> good point and they often tell us what we know. in this case it's clear we have this issue we have to confront. >> we're heading towards the close on what's been a very strong first trading day of the year. right now with 50 minutes left, the dow is up 280 points. >> bill gross of pimco says this rally will last. >> and then facebook is on a roll today, up about 5%. 2013 the year it gets back to its ipo price of $38? some facebook facts coming up. >> then, f-boks outside the oval office. up next, new details on how we got to the tax deal that averted the fiscal cliff, and if
. guest: thank you. >> both chambers of congress are in tomorrow for zero unfinished business. the senate is in at 1:00 eastern. assistant secretary of housing and urban development and assistant attorney general of the justice department. votes are scheduled at 2:00 eastern. by coverage at c-span2. the house returns at 2:00 p.m. eastern with both as early as 6:30. legislation ranging from better rents and education to foreign aid. the house rules committee is planning on a possible meeting sunday to discuss terms for a fiscal cliff deal that could be on the floor as early as monday. watch live coverage of the u.s. house tomorrow here on c-span. >> more news on the fiscal cliff negotiations. according to the hill, president obama monitor talks from the white house and has indicated he would support legislation that would raise taxes on those who earn more than $400,000. harry reid has scheduled a democratic caucus meeting for tomorrow afternoon to discuss any potential deals. minority leader mitch mcconnell says he would do the same period in the house, speaker john boehner has said the s
distinguished master counter. >> thank you very much, madam leader. 112th congress has about 46 hours left to go. this congress unfortunately has been most known for a unwillingness to compromise, an unwillingness to come together to act on behalf of the american people. today is january 1st. taxes will be going up on everybody in america. in america if we don't act. those relying on unemployment insurance, millions relying on unemployment insurance to make sure they can support themselves and their families. if we don't act, we will be at risk. vice president biden has worked very hard to come to a compromise. by definition a compromise has elements in it that each party does not like, but by definition it has things in it each party should like of the the speaker said that if the senate passed a bill he would put it on the floor for a vote. the leader has pointed out we expect that to happen. we think that's in the best interest of the american people. we hope that our colleagues on the other side of the aisle can reach compromise. our members are reviewing the specifics of the compromise tha
men's 50+. is a big day on wall street. after a big night in washington. stocks are surging thanks to the budget deal by congress late last night. we are seeing gains across the board. the dow up more 200 points. the nasdaq up almost 71 right now. some bad news for the orange industry. more than half of the citrus groves and florida could be infected with a bacterial disease. the journal says oranges from infected trees are still safe to eat however the bacterial disease slowly kills the tree is. an agriculture department has already cut i ts cast for or in production. forecast for orange production. the biggest shareholder is an investment fund started by the co-founder of aol. the super bowl still one month away. advertisements spots for the big game are almost sold out. they are being sold for record amounts this year. for the first time there will be three commercials that are longer than a minute. so far at least one advertisement has been sent back to the company because it was a little bit too racy. a look back on the year that we just finished. i'm your tutorial to make a
based on congress -- i don't know, but thank you for the commentary. have a great new year. >> thank you, gerri. gerri: we will be right back with my "two cents more" and my "two cents more" and my answers the question of the day. how much did you spend this christmas season? stay with us. [ male announcer ] at scottrade, you won't just find us online, u'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. you realize that 49 million americans struggle with hunger? that's one out of every 6 americans. these people are around us every day. they're our friends, they're our coworkers, their kids go to school with our kids. sometime we're not even aware that they're struggling. this problem is closer than you think, but so is the solution. announcer: play a rol
in spending right now. >> arthel: thank you very much. >> gregg: congress is not only facing a fiscal cliff, it's up a dairy clarify, if you will. the current farm bill is set to expire on new year's day. if an extension of that is not passed, the farm policies would revert to laws back to 1949 and cost of milk, that could skyrocket. back then the government used a formula to calculate dairy prices that is much more expensive than it is today. one option said to be on the table is short term extension that would prevent milk prices from rising. >> arthel: to other stories. a judge ordering a psychiatric evaluation for a woman suspected of shoving a man off a new york public is way platform. he was arraigned last night on murder and hate crime. she confessed to pushing a man in front of a moving train telling them, i hindus and muslims. co-worker was was behind due. >> gregg: two missing boys from georgia have been found in texas an amber alert was issued, ages nine and seven when they didn't come back from a visit from their dad on wednesday. somebody recognized the trio and caught up with
beil. >> i'm cheryl jennings. thanks for >>> this is "world news." tonight, new year, same congress. tonight, still no deal. over the cliff and apparently staying there. after the vice president steps in, both sides got closer, but tonight, the giant setback. and already, your taxes have gone up. >>> hillary's fight. the secretary of state under the close watch of her doctors tonight, with a blood clot near her brain. this evening, the first message from chelsea clinton, seen visiting the hospital. >>> comeback story. our friend and colleague at espn, hannah storm, back hosting the rose parade after a terrifying accident at home. the grill explosion that left her with first and second degree burns. and tonight, the lesson for all of us, as she shares her story right here. >>> and the reunion. the moment at the parade no one saw coming. not even the little boy, stunned by his new year's surprise.
i appreciate you all be near. on behalf of my colleagues in the united states congress, i will ask that you all join me in a moment of silence in tribute to ambassador stevens and the united states personnel who were killed in libya at this morning. thank you. since the days of the american revolution, congress has commissioned gold medals as the highest expression of appreciation for distinguished achievements. the first recipient was general george washington in march of 1776. today, we will present a congressional gold medal to arnold palmer of the commonwealth of pennsylvania. those of you who participate in these events regularly may notice the stage is set up a little differently than usual. we thought it would be more fitting to do so on this side of the rotunda and honor some of the presidents of that arnie knew so well. president gerald ford used to say "you know arnie's army." president ronald reagan. and of course president eisenhower who did a lot for the game of golf. the story goes that eisenhower i asked to play the winner of the 1968 masters championship. that turne
the wealthy at the expense of working middle-class americans. tonight, we have done that. thanks to the votes of democrats and republicans in congress, i will sign a law that raises taxes on the wealthiest 2% of americans. while preventing a middle-class tax hike that could have sent the economy back into recession, and obviously had a severe impact on families all across america. i want to thank all of the leaders of the house and senate. in particular, i want to thank, the work that was done by my extraordinary vice president, joe biden. as well as leader harry reid, speaker boehner, nancy pelosi, and mitch mcconnell. everybody worked very hard on this. and i appreciate it. and joe once again, i want to thank you for your great work. under this law, more than 98% of americans and 97% of small businesses will not see their income taxes go up. millions of families will continue to receive tax credits to help raise their kids and send them to college. companies will continue to receive tax credits for the research that they do, investments they make and clean energy jobs that they create. and
at the expense of working middle class americans. tonight, we have done that. thanks to the votes, democrats and republicans in congress, i will sign a law that raises taxes on the wealthyest 2% of americans while preventing a middle class tax hike that could have sent the economy back into a reskpegs have a severe impact on family as cross america. i want to thank all leaders of the house and senate. in particular, i want to thank the work that was done by my extraordinary vice president joe biden as well as leader hairy reid, speaker boehner, nancy pelosi and mitch mcconnell. everybody worked hard on this and i appreciate it. joe, thank you for your great work. under this law, more than 98% of americans and 97% of small businesses will not see their income taxes go up. millions of families will coinue to see tax breaks to help raise their kids and is sent them to college. companies will continue to receive tax credits. for research and investments and clean energy jobs they create. two million americans out of work and out there looking pounding pavement every day goring to continue to rec
russert, thanks, sir. >> take care. >>> president obama is, quote, modestly optimistic that congress can pass a deal to avoid the so-called fiscal cliff, but is that optimism justified even if the senate can can come together and craft a deal? a very big if at this point and what are the chances that house speaker john boehner can get members of his congress to go along with the deal. joining me now perry bacon and lynn sweet. i want to start with you because i read something that you wrote an article recently in which you said basically that the rumors of the tea party's demise have been greatly exaggerated noting their key role in refusing to go along with john boehner's tax plan to raise taxes on those making more than $1 million a year. the fiscal cliff debate has illustrated then during influence of the tea party and the power of the conservative party. boehner can't guarantee that his members won't face primary challenges from the right so there's little surprise they won't follow his lead. >> mcconnell's not going agree to something that all other republicans are opposed to becaus
with a hammer and you were supposed to say, thank you so much for the relief. we created this monster. we're the ones u.s. at, at least congress has said -- we are the ones who said, at least congress has said, do what everyone but do not ask me to tax the wealthiest 2% of people in this country to pay their fair share. why don't you start talking about cutting people off from unemployment compensation? why do you think about not providing some much more for the aged? why don't you start privatizing these banks? true this was not the america ideal when i came to the congress. this is something a handful of people from nowhere came here and started preaching we had to destroy big government. the people who had no lobbyists, no one to come to, were saved by us, by responsible people who came together and said, basically, have you lost your mind? what are you doing? how can you go home and tell the people this is what you created? so we pause and common sense has prevailed. at least we can go back, and said, not now -- and say, not now, but they are coming again. they have all kinds of words
that thank-you to the votes, the democrats, the republicans in congress. we will raise taxes on the wealthiest 2 percent of americans. while this could have sent it back into a recession and not having is a bigger impact on americans. i want to thank all of the leaders of the house, the senate and in particular i want to thank the work that was it done by my extraordinary president, joe biden. and as well as harry reed, speaker john boehner, nancy pelosi and mitch mcconnell. everybody worked very hard on this and i appreciate it. under this law, more than 90 percent of americans and the small businesses will not see their income tax co op. millions of families will receive tax breaks to help raise children and go to college. they will continue to college will continue to receive tax credits and clean energy. 2 million americans that are out of work and out there looking will continue to receive unemployment benefits as long as they're actively looking for a job. but i think that we all recognize that this was just one step in the broader effort to strengthen our economy. and
be described as a stopgap proposal, one to avoid the full impact of the fiscal cliff. it will allow congress to again take another crack at finding some way to deal with spending cuts and tax reform. gerri: stay with us, rich edson. thank you so much for that report. turning now to our guests. it's up to harry reid and mitch mcconnell, the two leaders in the senate. trying to craft something. how likely is it that there would be a bill that passed the senate and house? after all, that is the problem we have had a long. >> well, first, we have not seen any details of this package. we are talking completely off-the-cuff, but we know will not be at 250. i think carrie reed has problems from new york like dianne feinstein of california, and 250 will be a big pill to swallow. this is a fiscal cliff that we can have 50 days, 60 days down the road. it does not fix the problem if you will have these taxes on $250,000 and above. as rich edson said, this is going to be another deadline in congress has to have. i think everyone needs to get comfortable with the fact that we are going to have these kind
. the bill just pushes off those cuts for two months so you're going to see congress and the white house fighting right away about how to replace the sequester with more sensible cuts once and for all. >> nancy cordes thanks nancy. >>> shortly after the house vote president obama got on a plane to resume his christmas vacation in hawaii but first he complained to reporters about how hard it was to reach a deal and insisted it won't happen again when the debt ceiling battle comes around. >> i will not have another debate with this congress over whether or not they should pay the bills that they've already wracked up through the laws that they passed. the one thing that i think hopefully in the new year we'll focus on is seeing if we can put a package like this together with a little bit less drama, a little less brinksmanship, not scare the heck out of folks quite as much. >> major garrett is in the white house briefing room where the president made that announcement just hours ago. major, good morning. >> good morning. >> major, just to start with what was the reacti
with this congress over whether or not they should pay the bills that they've already racked up. >> joining me live, democratic congresswoman chair of the democratic national committee and member of the budget committee. thanks for being on the show. >> thanks for having me. >> you hear president obama say he's not going to negotiate on the debt limit. you heard lindsay graham say there save it for the debt battle. how far are they willing to go to prevent any debt accruing on that number. what gives you confidence the president will not net on this and what can he do to avoid negotiating on this? >> i think inwho has observed president obama over making sure that we could have a balanced approach to beginning deficit reduction has seen what's on the table and his willingness to compromise and what he's not willing to compromise on. let's look at what the republicans are using as a leverage point, no less than the full faith and credit of the united states. we got a good window in what happens when you do that in the summer of 2011 when the debt cre ceiling was part of those negotiations, we had ou
the mainstream in congress, but congress is its own animal. >> heather hurlburt, thank you very much for walking us through this tonight. >> thanks for having me. >>> a real-life medical triumph achieved by a fake tv doctor. this story is great, i promise. >>> the actor jack klugman died this week on christmas eve. he was 90 years old. by the late 1970s to early '80s, he was already very famous, starring in the sitcom "the odd couple" and later starring in "quincy." quincy episodes were often ripped right from the headlines, so when quincy's brother heard about a heading on why pharmaceutical companies were not spending money on diseases, diseases named orphan diseases for this reason, no profit motive to try to cure them. so klugman's brother wrote an episode about it in 1981. the disease was correct. the episode was called "seldom silent, seldom heard." jack klugman was testifying on capitol hill himself in front of waxman's subcommittee about how to convince drug makers to work on orphan diseases despite the fact they would not necessarily get rich doing it in the private sector. klugman got
better than congress. >> that's true. >> at least we didn't curse. >> no f-bombs here at least. see you later. stocks kick off the year on a high note thanks in last part to last night's 11th-hour tax deal in congress. checking with bertha coombs for today's leaders and laggards. >> bill, a day for notable milestones. the dow starting the year up over 2% for only the tenth time in 100 years, the nasdaq's best one-day gain in over 15 months, the s&p starting the year with a sizable gain for the fifth straight year. that's never happened and the russell 2000 hitting a new all-time high. zipcar was the russell's biggest percentage gainer on a $500 million cash deal to be acquired by avis which today hit a five-year high on that deal. on the s&p, u.s. steel the biggest peersage gainer on an upgrade from credit suisse and metlife seeing big cliff relief rallies today. j.c. penney bucking the trend in new year starting the year with a bick bounce after losing 40%, alexion and other biotechs rallying and consol energy and natural gas players among today's decliners with forecasts calling for w
: thank you very much. and, ladies and gentlemen of the congress and the united states of america, we stand here today and we're witnessing something, that there's been a great hunger among the american people for. and that is to see finally democrats and republicans working together for the good of the united states. we're going to have that today. we're going to have a bill, all may not vote for it, but i think what is important here is that this is a product of a true compromise with republicans and with democrats, putting the united states of america foremost. and i think we ought to have a tip of the hat to president barack obama. i think to leader mcconnell in the senate and certainly to our vice president, joe biden. and to the leadership of nancy pelosi, steny hoyer, jim clyburn, and over on our side, and i know that our republican friendses have had a tussle here. but our tip of the hat to you as well. and certainly to my friend david dreier who is in his ending time as the chairman of the rules committee. good luck, my friend. the speaker pro tempore: the gentleman's time ha
in sequester cuts and that is a story we'll follow all weekend long. back to you in the studio. >> and thank you very much. >>> essentially, we remain in a stalemate tonight and congress returned yesterday to the senate, the house will be back on monday and they have three days to work it out. >>> and turning our attention to the other big story to the day. snow coming to the d.c. area and should start to see the white stuff coming overnight. gary mcgrady is joining us now. how much can we expect? >> reporter: not a lot. pardon me, tom. but we will have a little bit coming on across and looks like an accumulation here in the city. first of all, i want to assure you that this is not a big storm and it's not going have a great impact o cross the area now. and the in fact that it's coming on a saturday is going to be, help us quite a bit, you know. you don't necessarily have to get out. most of us don't with minimal commuting to be done. the snow is arriving for everyone before sunrise. it's going to be be snow and then snow and rain for d.c. and looks like a changeover to mostly rain. the high
spending cuts in that bill. this will have to happen by noon thursday when this congress ends and the new one is sworn in or the whole thing starts over again. the sequestration cuts take effect as the tax cuts -- in fact, they have already taken effect. >> thank you. so what do americans think of the job that congress is doing to solve this fiscal crisis? agoal goal went out to find out. >> they don't think much of what is going on in the building behind me. we crossed the river into virginia and the fact that the fiscal cliff deal is still not done comes to no surprise from everyone you're about to hear from. we traveled to the north side social in arlington with one goal. we asked people for one word to describe congress. >> one word -- >> you guessed it, nonare flattering. >> dysfunctional. >> stubborn. >> silly. >> watching the 112th congress bicker its way through negotiationings leaves people lime tom disappointed. >> i'm adisappointed. >> people like katherine apathetic. >> it seems like a cycle of nonsense. >> it has gotten w
to declare a victory. >> thanks to the votes of democrats and republicans in congress i will raise the taxes for 2 percent of americans while preventing an american tax hike that could effect the economy in the recession. >> with that evidences gone. air force one could be on stand by to take the president back to finish up his vacation. in washington it is still something of a mess. as far as tax rates are concerned you can fill out 1040 relatively occurred tax race are going to be unchanged. 450,000 dollars and couples who make more than 450 will see the tax rates go up. as far as the automatic spending cuts it would have especially hit the pentagon those have been delayed for at least two months. so it's something that they are going to have to tackle again. the other big problem what it does to the deficit more than 4 trillion of added debt that had a -- had many republicans voting against it. >> that is going to be huge debate over raising the nation's debt ceiling the president will push for an automatic increase in that. they will want to extract something in the way of spending cuts
crisis, and they're required to submit that report to congress by this coming july. >> axelrod: dr. jon lapook, thank you. china now has the longest high- speed train line in the world. it runs 1,400 miles from beijing to the city of guangjo, about the distance from new york to miami. the chinese train can make the trip in eight hours. it would take amtrak 30 hours. in los angeles, people lined up to turn in their guns. find out why when we come back. ♪ aww man. [ male announcer ] returns are easy with free pickup from the u.s. postal service. we'll even drop off boxes if you need them. visit usps.com pay, print, and have it picked up for free. any time of year. ♪ nice sweater. thank you. ♪ thank you. >> axelrod: today, los angeles responded to the newtown tragedy by starting their gun buyback sooner. they needed two sprawling sites including a sports arena. >> they're hunting rifles. >> reporter: angela atkins came to the los angeles gun buy-back with two hunting rifles and thoughts of the children who died in newtown, connecticut. >> it was emotional. i cried. and i just felt li
jerry nadler of new york, thank you so much for being on the program. we appreciate it. >> thank you. >>> now to what congress will do the rest of this week, including the cliff negotiations. i'm joined by jonathan weissman of the new york times, great reporter, my colleague on the hill, thank you so much for being here. back to the cliff and guns on nadler, sherman was here saying there is some talk amongst leadership, but i keep beating this like a drum, doesn't seem to be any urgency on capitol hill. >> i was talking to some senators this morning, when are you going to get back into town? oh, you know, maybe tomorrow night we'll kind of come in. president obama will be coming in tomorrow night. doesn't seem the level of urgency that you would think, given that in five, six days these things are going to hit. and i think it's because they really -- i think there's a sense now that if this deal gets done, it gets done in the new year. it's not going to get done in the next four or five days. >> is it correct to say the prevailing idea amongst republicans is, look, why don't we just
for the american people over the last congress. >> congressman jeff landry, republican tea party member. >> thank you. >>> students from sandy hook elementary will go back to school tomorrow for the first time since the shootings throw weeks ago. the children won't be back at the same school in newtown. they will attend a few miles away at an old school in monroe, connecticut. they are trying to make the new school look just like the old one. they even renovated the bathrooms to accommodate grade schoolers. there will be an open house today. >>> the newtown shootings inspired a security change in marlboro. there will be police officers uniformed and armed in every school while the students are there. >> my job is to keep the jurisdiction and the people in marlboro safe. 8,000 students in marlboro township and based on advice of my police department, it's safer to have trained police officers in the schools than not. >> marlboro leaders say police in all of the schools will be the new normal until they come up with a better plan for better security. >>> still ahead, college football in the new yea
is vowing to find out. >> can the senate veteran help congress tumble to a deal on the last day? >> if we do go off the fiscal cliff, congress would be more likely to make a deal. members could claim they are cutting taxes. >> thank you. if america does fall off the fiscal cliff on the first of the year, maryland would be hit hard. hundreds of millions of dollars and tens of thousands of jobs lost. >> we have a lot of federal workers and businesses that rely on the federal government. many are watching the negotiations closely. if partisan politics prevail and they cannot reach a deal, americans in maryland will burden will -- will be burdened. legislativent of observances had a report about what the impact would be. if we fall off the fiscal cliff. maryland will lose $178 million in funding next year. economists say to make up for it, the state will have to make cuts. >> it will be a challenge to make the ends meet. >> the greater economic impact could be huge hit in sales and income revenue. the state would lose about $268 million in 2013 and another million in 2014. >> small business inno
us straight, direct and to the point. thanks, al. congress apparently stopped working when it passed the fiscal cliff deal just stopped. superstorm sandy destroyed 72,000 homes, but congress failed to act on the recovery bill there. the senate approved a 60 million dollar measure friday, the house did not vote on it. both republicans and democrats from the northeast especially, they're not happy with it. here is new york congressman michael grimm. >> and lost family members and now, i have to go home and tell them their new years gift they're going to wait even longer, even longer for something they should have had over a month ago. stuart: okay, fair point, but look, we've got to point out that the senate bill was loaded with pork, help for alaska's the vote was not taken on the sandy relief measure. you remember the newspaper that published the names of gun owners in new york counties? those gun owners were outraged. now, you won't believe how that newspaper is responding. that will be new at 10. and also, the top of the hour, the n.r.a. calls for armed guards in every school and n
'll be watching it closely with you. ali, thanks very much. our viewers may be wondering who that man speaking o ining on t of the house of representatives is, that's david dwyer. the republican congressman from california. he's getting ready to leave congress. this will be one of his last acts in this current 112th congress. david dryer, a veteran member of the house winding up with a big bang. he supports this fiscal cliff senate version and he's making that clear in his remarks. we have much more on the breaking news when we come back. the last man you would think would be in favor of the senate's plan sh the anti-tax crusader grover norquist. there he is. he'll join us. if by blessed youn freaked out about money well we suddenly noticed crusader grover norquist. there he is. he'll join us. sh the anti-tax crusader grover norquist. there he is. he'll join us. g the anti-tax crusader grover norquist. there he is. he'll join us. and the clothes still weren't as clean as with tide. so we're back to tide. they're cuter in clean clothes. thanks honey yeah you suck at folding [ laughs ] [ female
noon tomorrow. if he doesn't, a new congress has to act and they start all over again. when they are motivated they can move quickly, but it would be a delay if they don't do it before noon tomorrow. >> thanks, kelly. this is the one who crafted the bill. first up with a welcome to you, sir. i know you and your colleagues and the delegations will meet about an hour or so again. what are you going to say to him? >> i don't think the new jersey democrats are invited. this is a new jersey moment though. time to take off the gloves. i believe boehner is speaking sincerely when he said we will get this done as soon as possible in the next congress. we get sworn in tomorrow, but we need the help right now. that was a commitment. he could not deliver. i can't deal with the schizophrenia within the leadership of the within party. we should all be on this. it took us a very short period of time to respond to katrina. $10 billion on a voice vote. mind you. then another the democrats and republicans. they did everything we asked them to do and not only to the republican leadership, we
me now, national journal, jill lawrence who is out with a new article on congress' growing influence on presidential picks. thanks important being on the show. we appreciate it. >> good to be here, luke. >> we are seeing a level of blocking of the president's nominees for a cabinet position over the last three administrations that's unprecedented in history. i'm going to put it up the screen here. we have failed nominees. seven rejected by congress. 13 withdrew nominations. 20 in total. that's throughout history. entire history of this republic. look back over the last three administrations. search rejected or withdrawn. roughly a third have come in the last three administrations. why is it so difficult these days for a president to get their choice which is afforded to them by winning the election into a cabinet position? >> well, winning doesn't mean as much as it used to. i think it is a reflection of the polarization of the country in general. and just the -- sort of perfection of obstruction techniques in the senate by both parties. and, in fact, it makes a case for reforming th
, alan west, is a moron and thank god he's leaving congress. these people should apologize. a fake news sham organization should apologies to secretary clinton and her family. the woman is in serious medical shape and this is what they come up with? >> just -- >> she may be the president of the united states one day. what are they going to do then? >> two points, one, they should have never said it in the first place. she was very ill before she -- and fell as a result of her illness. second of all, republicans should just shut up about this. this is absolutely insane. the woman is ill. the only thing people should be saying is i hope she is well soon. >> think differently but say -- lie about it for god's sake. >> we have to stop saying something, thank you. >> happy new year. >> stay with us. as the clock continues to tick. sometimes what we suffer from is bigger than we think ... like the flu. with aches, fever and chills- the flu's a really big deal. so why treat it like it's a little cold? there's something that works differently than over-the-counter remedies. prescription tamiflu
republicans have to say. we will note the numbers at some point during the day. >> thank you very much. 112th congress has about 46 hours left to go. this congress unfortunately has been most known for an unwillingness to compromise. an unwillingness to come together to act on behalf of the american people. today is january 1. texas will be going up on everybody in america if we don't act. those who are relying on unemployment insurance to make sure they can support themselves and their families. if we don't act, we will be at risk. vice president joe biden asked to come to a compromise. the definition of compromise has elements in it each party does not like. but by definition, that has things in it each party should like. the speaker said if the senate passed a bill he would put it on the floor for a vote. leader has pointed out we expect that to happen. we think that is the best interest of the american people. we hope our colleagues on the other side of the aisle can reach compromise. our members are reviewing the specifics of the compromise that has been reached to determine whether they
eyes on the clock. thanks for staying with us. i'm maureen umeh. come new year's eve when we count down to midnight, we're counting down to the so-called fiscal cliff. if congress does nothing, taxes go up on everyone. mike emmanuel has more. >> reporter: lawmake -- lawmakers return to capitol hill in a last-minute attempt going over the fiscal cliff. congressional leaders are looking to avoid tax hikes on most americans but key disagreements on eptitlesments and tax rate thresh finds remain. president obama's original plan called for increasing taxes on families earning more than $250,000 now $400,000 could be a number on the negotiating table. >> the $400,000 level seems to me to be with about right. that represents about the top 1% of income earners in the country and is they got knee% of the growth and there is some flexibility there. >> reporter: the republicans say the u.s. is not facing's revenue problem. >> i feel like i'm a lifeguard and we have to save as many people from drowning and higher taxes as we can. >> reporter: in the weekly address to the nation, president obama urg
-class americans. tonight, we have done that. thanks to the votes of democrats and republicans in congress. i will sign a law that raises taxes on the wealthiest 2% of americans while preventing a middle-class tax hike that could send the economy back into recession. that obviously had a severe impact on families across america. i want to thank all of the leaders of the house and senate. in particular, i want to thank the work that was done by my extraordinary vice president joe biden, as well as leader harry reid. many americans will not see their income tax is love. many will continue to receive tax cut. companies will receive tax credits 2 million americans who are out of work but are out there looking, pounding the pavement, want to continue to receive unemployment benefits as long as they are actively looking for a job. but i think that we all recognize that this law is just one step in the broader effort to strengthen our economy and bought an opportunity for everybody. the fact is that the deficit is too high. we are still investing too little in the things that we need for the economy
by then, nearly 100 new members of congress woulden heart the problem. >> thank you. starbucks ceo is pushing federal lawmakers to resolve the fiscal cliff. he ask asking workers at all 120 washington stores to write come together on every cup they hand to customers thursday and friday. he said he wants to send a message to lawmakers to find common ground and fix the issue. they will also take out ads in the post and new york times with the same message. >>> oil prices started eing up after the president announced he would return from vacation early to work on the fiscal cliff. oil ensiles for almost $91 a barrel. that's up nearly two dollars barrel. >> japan's new prime minister has just been confirmed. he is the 7th in six years. it's not the first time he has held the title. >> reporter: a remarkable come back is now complete here in japan. elect on wednesday, follows his party's landslide win in general elections earlier this month. he has now taken the reigns and revealed his cabinet revealing the former prime minister who will be deputy prime minister and finance minister. a
are in a standoff for the middle class. >> senator, always good to see you and thank you for talking with us tonight. >>> american's frustration with congress may well be summarized in this simple statement. in terms of output, the 112th congress has been the least effective in decades. in part, because of the rising influence of the tea party. that's ahead when our special coverage continues, in a moment. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. gentleman yields back the balance of his time. the gentlelady from florida is recognized. ms. ros-lehtinen: i yield such time to the gentleman from >>> this is live, the floor of the house
done now with a chance to talk about some of these issues some more in the new congress and in the months ahead. chris? >> kelly o'donnell, thank you. well, all eyes do now turn to the republican-controlled house and speaker john boehner. about two hours before the senate voted, the house leadership said it would take a wait-and-see approach. "decisions about whether the house will seek to accept or promptly amend the measure will not be made until house members and the american people have been able to review the legislation." with me now, "the washington post's" david machimura and steve toma, chief political correspondent for "mclatchy" newspapers. good morning. >> good morning. >> happy new year. >> happy new year. david, let's talk about what we're going to see in the house. obviously, if it passes, a lot of people will probably be voting yes while they're holding their nose, but could there also be a revolt from conservative members that could threaten this bill? >> i think, chris, you can never predict completely smooth passage, especially in the house, but i thin
and congress is there to help. regardless where they are. >> wouldn't it just. thank you for being so straight up and defending your. constituents. >> thank you. >>> next, to boehner and cantor, calls for a new speaker to the house. stay with us. >> i appreciate your saying i'm a transformative figure. i try to transform my own figure. ♪ aspirin, really? i haven't thought about aspirin for years. aspirin wouldn't really help my headache, i don't think. aspirin is just old school. people have doubts about taking aspirin for pain. but they haven't experienced extra strength bayer advanced aspirin. in fact, in a recent survey, 95% of people who tried it agreed that it relieved their headache fast. what's different? it has micro-particles. enters the bloodstream fast and rushes relief to the site of pain. visit fastreliefchallenge.com today for a special trial offer. >>> the new year hasn't got off to the best of starts for house speaker john boehner. republicans around the nation are up in arms about the deal with the fiscal cliff. and in an unmistaken vote of no confidence in the speaker's lea
latest story -- and the cook, thank you for joining us. guest: thank you for having me. we are at this late hour. all of these tax hikes and spending cuts are slated to take defect in the new year. congress and the white house had spent seven weeks of bickering over all these different elements of the this clip. as you know, there are many elements. many tax provisions, a lot of spending cuts, and at this point, any deal that is reached will not deal with a lot of these things. it is going to potentially make some tax cuts for below $250,000. it will potentially patch the alternative minimum tax. it will not deal with the payroll tax holiday. the most likely will not deal with the sequester. it may earn -- it may or not deal with tax breaks for businesses. for all these arguments and ongoing things about these tax and spending issues, in the end, we will get any compromise, if at all. host: we hear about the flurry of proposals that happened yesterday. any details that emerged from that that will tell us more about what we might be fighting over at the end? is it just numbe
.c. today. thank god i'm not a member of congress. >> announcer: heard around the country and seen on current tv this is the "bill press show." ♪ >> i'm a slutty bob hope. >> you are. >> the troops love me. the sweatshirt is nice and all but i could use a golden lasso. (vo) only on current tv. [ male announcer ] pillsbury grands biscuits. delicious. but say i press a few out flat... add some beef sloppy joe sauce... and cheese fold it all up and boom! i just made an unbeatable unsloppy joe pillsbury grands biscuits. let the making begin. [ female announcer ] what would you call an ordinary breakfast pastry that's been wrapped in a flaky crust stuffed with a gooey center toasted up all golden brown then given a delicious design? a toaster strudel. pillsbury toaster strudel. so delicious...so fun. [ rosa ] i'm rosa and i quit smoking with chantix. when the doctor told me that i could smoke for the first week... i'm like...yeah, ok... little did i know that one week later i wasn't smoking. [ male announcer ] along with support c
. blumenauer: thank you, mr. speaker. congress is here on new year's eve with the people they love. themselves, the special interests and the policies of the past. the overhyped fiscal cliff may well be upon us and we will find $600 billion of deficit reduction with tax increases and spending cuts, and then there will be the howls that we're doing it too abruptly from the same people that demand the same system of expiring cuts and sequestration in the first place. make no mistake, there will be some real damage. we'll be squeezing some people who deserve far better. then we'll be scrambling to find the -- refine budget reductions in a way that makes sense. in the hours, days, weeks ahead, we'll get a semi balanced small agreement. very likely, struggling throughout the new congress with budget bluster, especially in the house, moving from crisis to deadline to showdown. it's ironic because it doesn't need to be this hard. we could use the pressure and revenue from expiring temporary tax cuts to enact tax reform to provide the money that a growing and aging population needs but do it in a simp
networking. she served on president obama technology working group and delivered its group to congress and youth safety on the internet and you can read her plug. how's that for a plug? >> thank you very much. our parents guide is free and can be distributed at schools or parent nights or whatever, so we're happy to make them available to you at connect safety .org so a little bit more of the big picture. this is amazing panel of people who have resources and campaigns that can support and reinforce your fine work. so i am glad you stayedand we learned about bullying and preventions and solutions and just to reinforce getting the accurate picture bullying is a serious problem but it's not an epidemic. it's not on the rise. daift finkelhorn and director of the research center university of new hampshire and reviewed studies and bullying among youth is actually down in recent years. his colleague have actually stopped using the term of "bullying" and refer to peer aggression and i can go into definitions but i won't bore you. a subset of bullying is also not on the rise and based
to "democracy now!" >> thank you. >> your term would be over except you have been called back on sunday, right, to do with the fiscal cliff? >> i have been in washington waiting to see if congress would be called back into session, as it should be. there really is no legitimate reason why the country should be facing serious tax increases for middle-class and also spending cuts that will further slow down the economy. we have made all of the wrong choices. we should be talking about jobs and more people involved in paying taxes. we should be talking about rebuilding america's infrastructure, china has gone ahead with high-speed trains and massive investment in infrastructure. instead, we're back to the same old arguments about taxes and spending without really looking at what we're spending. we just passed the national defense authorization act the other day, another $560 billion just for one year for the war machine. so we're focused on whether or not we will cut domestic programs now? are you kidding me? >> congressman, the recent election was seen by many as a mandate from the electorate to
. >> middle class americans, tonight we've done that. thanks to the votes of democrats and republicans in congress, i will sign a law that raises taxes on the wealthiest 2% of americans while preventing a middle class tax hike that could have sent the economy back into recession and obviously had a severe impact on families all across america. i want to thank all the leaders of the house and senate. in particular, i want to thank the work that was done by my extraordinary vice president joe biden as well as leader harry reed, speaker boehner, nancy pelosi and mitch mcconnelll. everybody worked very hard on it and once again, i want to thank you for this great work. under this law, more than 97% of americans and small businesses will not see their taxes go up. millions of families will continue to receive tax credits to help raise their kids and send them to college. companies will continue to receive tax credits for the research they do, the investments they make, and the clean energy jobs they create, and 2 million americans were out of work but out there looking, pounding the pavemen
night congress just added $70 billion worth of new loopholes. >> mason: extraordinary. thanks, wyatt. wall street was not very concerned about what was in the deal, it was just happy there was a deal. on this first day of trading of the new year, the dow soared more than 300 points. but moody's warned today that if washington fails to take more action to cut the deficit, america's stellar credit rating will be at risk. secretary of state hillary clinton was released today from a new york hospital where she was being treated for a blood clot in her head. the secretary left in a motorcade with former president bill clinton and their daughter chelsea. margaret brennan is at new york presbyterian hospital. margaret? >> reporter: anthony, secretary clinton was just discharged from the hospital. her car pulled away just moments ago and her spokesperson released this statement saying: "her medical team advised her she is making good progress on all fronts and they are confident she will make a full recovery." earlier today, secretary clinton made her first public appearance in three weeks a
will ever happen. bret >> bret: thank you. the fiscal cliff not the only thing that congress is dealing with. fox news learned the house plans to split the superstorm sandy aide bill to two parts. giving the lawmakers opposed to a large bill the ability to vote against it and vote on the other part so they don't appear unwilling to help storm victims. the base would provide immediate funding to those affected by the october storm that devastated new york and new jersey coastlines. meanwhile, republicans are still meeting up on capitol hill. we have a live camera outside of that meeting. they are, the camera just shooting in and out there. they are meeting and those are the microphones they may come and talk to reporters after they finish that conference meeting. we are just getting word of something that perhaps is happening behind those doors. senior g.o.p. leadership aide is telling fox that the speaker presented his members two options. the first would be to make an amendment to the senate bill that would add a package of spending cuts. the whip, majority whip would do a whip check, vote
's name the heffed the epa, you can do b better than that. >> megyn: thank you. congress approved the fiscal cliff bill, the attempt to avoid the fiscal cliff. and it headed off tax hikes, but increased 70% of th the country. why isn't that the big story of the day in michael reagan is here next. [ female announcer ] ensure clear. nine grams protein. zero fat. in blueberry/pomegranate and peach. and i'm here to tell homeowners that are 62 and older about a great way to live a better retirement. it's called a reverse mortgage. [ male announcer ] call right now to receive your free dvd and booklet with no obligation. it answers questions like how a reverse mortgage works, how much you qualify for, the ways to receive your money, and more. plus, when you call now, you'll get this magnifier with l.e.d. light absolutely free. when you call the experts at one reverse mortgage today, you'll learn the benefits of a government-insured reverse mortgage. it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you s
so, it's also childish. thank you. >>> the longest-serving member of congress from massachusetts is the first to announce he'll run for john kerry's senate seat. ed markey was just elected to his 19th term with 76% of the vote. kerry, as you know, is president obama's pick to succeed hillary clinton as secretary of state. if and when he's confirmed, that senate job will pass to a replacement chosen by the massachusetts governor. then to a win ere of a special election a few months later. a regular election will be held in 2014 when kerry's term would have ended. >>> should teachers be armed in the classroom? big question, lots of answers. about 200 educators in utah are mulling that over today after attending classes on firearm use and safety. the course of geared toward teachers. instructors are not trying to persuade teachers to carry guns in schools, but to provide the information and training they need in the wake of the newtown massacre. the classes have been going on for some time and some teachers are sold on the idea of arming themselves. others simply want to explore the
on the hill to see what you get today. we wish you all the best in finding a solution. >> thank you. >> the president is blaming congress, specifically republicans in the house, republicans blame the president. who do the american people think is at fault? we have our spokesperson for the dnc and for the rnc. >> good to be with you. we be that the polling is not good for anybody in washington, when it comes to this issue. yet, the president comes to come out, polling the best of anybody involved, taking the least blame. doug, how do you swing that? >> the numbers are the republicans are in dangerous territory. you have basically, around 54, 55% of the public who say they would blame the republicans if there is no deal made. one poll i saw, cbs, had approval rating for congress, 11%. really, the president has them in the corner, arguing against tax cuts for the middle class. i think that is not where the republicans want to be. ultimately, i think they are going to have to step back. i don't know -- i doubt they will be able to do a big thing in the next two days, i think they will d
's already been ten hours. thank you. >>> a rare sunday session for congress. all eyes on the senate as the nation moves closer to the the brink of the fiscal cliff with massive spending cuts and tax hikes cut to automatically kick in. lawmakers will get down to work starting at 10:00 this morning our time. senate negotiators are trying to come up with a last-minute compromise to present to the house. president obama says any bipartisan bill has to extend unemployment benefits, affecting some 2 million americans. he says it must increase taxes on the highest income earners. the president knows neither side is going to get everything they want, and he thinks it's time for house republicans to compromise. it is very important for republicans in congress to say we aren't going to get 100%, at the need to compromise in order to solve problems. >> if there is enough in the agreement for republicans to be able to support it, and we can get a majority of republicans in the senate and a majority of democrats in the senate, then i think there's a good opportunity for a majority of democrats a
't want just to say the word. i want to make a difference. >> well you already are and i thank you on behalf of not only the library of congress and the children's book counsel and every child of reader but on behalf of the audience and for our country. it's a wonderful job you are doing. let's give walter dean myers a round of applause. [applause] we continue our coverage of the international summit of the book with a panel titled "the role of cultural institutions in fostering the future of the book." this is about 50 minutes. [applause] >> now we are coming to the second session of our day. it will be a panel discussion on the role of cultural institutions in the role of fostering the book. i will turn to our moderator to introduce the panelists once we are all on stage. a distinguished figure in publishing and journalism and i'm sure you've heard of them. president publisher random house trade group, the founding editor of mass traveler magazine, editorial director of the vice president of "u.s. news and world report" for the daily news, "atlantic monthly". currently he is edit
to stand off >> dramatic ending to stand off man armed with sword >> thanks to the democrat and republicans in congress i will sign a law that wrists taxes on the wealthiest 2% of americans while preventing a middle class tax hike that could have sent the economy back in recession. obviously had a severe impact on families all across america. >> president obama speaking just few moments ago as the republican controlled house approves a last ditch senate compromise to avert the fiscal cliff. good evening. dan is off tonight. >> both sides have given and both sides have gotten. vote came just a short time ago. >> this vote the yes are 2 57. the no are 167. motion is adopted without objection motion to reconsider is laid on the table. >> with that the crisis is over at least for now. here's karen travers. >> after months of drama and intense has minute negotiations congress finally passed legislation to avoid the fiscal cliff. lawmakers completely blue the keyed line and no grand bargain both parties claim the ultimate goal. tonight both democrat and republicans gave themselves credit fo
saying that this congress could be doing a lot better. >> thank you, congressman altmeyer, and thank you for taking the time to chat with us about congress and what seems to be going on there. >>> when we come back, we will come back to the table and ask if the 113th can do any better, because congress seems to be playing a game, but the consequences for americans are real. we will talk about that when we come back. droid dna augmentation initiated. vision expanding to a 5-inch 1080p hd display and camera. touch acquiring nfc. hearing evolving with beats audio. wireless charging activated. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. sfx- "sounds of african drum and flute" look who's back. again? it's embarrassing it's embarrassing! we can see you carl. we can totally see you. come on you're better than this...all that prowling around. yeah, you're the king of the jungle. have you thought about going vegan carl? hahaha!! you know folks who save hundreds of dollars by switching to geico sure are happy. how happy are they jimmy? happier than
turned from thanking congress to calling them out over raising the country's borrowing limit, the debt ceiling, necessary within weeks. >> while i will negotiate over many things, i will not have another debate with this congress over whether or not they should pay the bills that they've already racked up. >> reporter: many in both parties remain frustrated that the fiscal cliff deal does not cut the deficit. >> i severely regret that this is not a big, bold, balanced plan. >> reporter: and that will be the next washington drama. >> we also need to address the fundame fundamental causes of our debts and deficits and that's out-of-control spending. >> reporter: columnist david brooks criticized congress for setting up fights by avoiding hard decisions. far from laying the groundwork for future cooperation, it sentences the country to another few years of budget warfare. the president opened the door to reducing entitlements to reduce the deficit. >> i agree with democrats and republicans that the aging population and rising cost of health care makes medicare the biggest contributor to o
. that is the latest here at the white house. back to you. >> thank you. >>> what do you think about congress not reaching a deal on the fiscal cliff? do you think it is possible that i compromise will be reached before the deadline. share your comments on our facebook page. just search for fox 5 morning news. no space between fox and the number 5. we may share your comments on air. >> i'm sure you all have a lot to say. we would love to hear t. >>> a big story we are following. norman schwarzkopf has died. the retired general died from come indications of pneumonia. he was given the nickname stormin' norman and best known for leading international forces in iraq against shad's invasion of kuwait in 1991678 the 78-year-old managed to live a quiet retired life in tampa and kept pretty quiet on the u.s.'s decision to go to war with iraq again. >>> also this morning, former president george h. w. bush remains in intensive care at a texas hospital this morning. his chief of staff says his family is confident the 41st president will leave the hospital but expects to be there for a while. he is bat
, wisdom and sarah, that new congress gets sworn in tomorrow. >> all right, melanie, thank you so much. >>> and it is being hailed as a victory for middle class families, but you'll still take a hit on your pay check this year. the social security tax cut is ending, so the payroll tax will return to 6.2%. for an average family making about $50,000 a year, that amounts to about $1,000 less that you'll take home in 2013. we're talking about this on our facebook page right now and want to know, do you plan on changing your budget this year? we're getting a lot of comments on this one. denise ferguson says there are always adjustments in life, just add this to the list. good way to look at it, denise. sharon thomas puts this on facebook. just search us on fox 5. >>> the d.c. council is set to begin its new session today by officially welcoming its newest member. david grasso, an independent won the at-large council seat back in november. he has said education and ethics reform will be his top priorities. five incumbent councilmembers will also be sworn in to new terms today. they include
-and-file members of congress get involved and take this over. thanks for being with us. >> i have been hooked up for days and i'm ready to go back. shibani: the best and worst of online shopping sites may have been rated. attention online shoppers, we will tell you who scored highest and lowest coming up next. dennis: airlines are making millions of of add-on fees for legroom and the like and we will tell you why the government is investigating. they don't want anyone making money anywhere it seems like and raising the minimum wage will mean more robots taking over your jobs. shibani: as we do every dime let's look at oil is trading after 2.5% increase backing of a little bit just over $0.50 a barrel. shibani: 15 past the hour, time for a check on stocks. dennis: team coverage. sanders smith and trading pits of the cme, biggest movers and commodities. the dow is down triple digits. >> the dow was down 100 points on the dow jones industrials just holding on to that 13,000 mark, 13,016 on the dow. that is a loss of 1/4%. the tech having nasdaq has seen accelerated selling at this point as well. th
to the deficit. this will certainly replay itself. >> thank you so much for coming on the program. >> thanks for having me. >> today's tweet of the day comes from andy borowitz. praising congress for the fiscal cliff dean is like giving an award for an arsonist putting out his own fire. hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. zbrrchltss ink . >>> the incoming 113th congress will be sworn in tomorrow. they will likely tackle taxes, gun role. but there are other issues that may be on the agenda. we have the sleeper issues for congress. let's dive right in. you say at the top of your list fossil fuel exports. why do you think this might become a big issue? >> i think fossil fuel exports has been a huge issue in the energy world for the last couple of years and finally it's rising to the level of where it's going to gain the attention of congress. the energy department released a study last month giving an implicit nod to natural gas exports. i think that could compel congress to really look at this iss
, are worried. >> thank you so much. >> my preference would have been to solve all the problems in the context of a larger agreement, a bigger deal, a grand bargain, whatever you want to call it works this congress, that was obviously a little too much to hope for at this time. it will have to be a matter shared sacrifice. at least as long as i'm president. i am going to be president if the next four years i hope. >> well, senator john mccain blasting president obama's comments on debt negotiations. the senator is joining us from the capitol. you said that the president was antagonizing congress? >>guest: well, you played the clip. that is the point when we are in sensitive and serious negotiations. you talked with byron about the sequestration issue, a matter of great concern. when the secretary of defense says if we do sequestration it will devastate our national security, our ability to defend the nation, and the president is going over there joking around and saying things that can be not conducive to sitting across the table and getting things accomplished. >> so, help us through the tech
to come home. bonnie, thanks very much. >>> members of congress in a last-minute scram to believe try to avoid a fiscal cliff and save millions of americans thousands of dollars a year. >>> plus, who are you going to call? one new jersey couple said their home was haunted. so they called in the real-life ghostbusters. [ lisa ] my name's lisa, and chantix helped me quit. i honestly loved smoking, and i honestly didn't think i would ever quit. [ male announcer ] along with support, chantix is proven to help people quit smoking. it reduces the urge to smoke. it put me at ease that you could smoke on the first week. [ male announcer ] some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. if you notice any of these stop taking chantix and call your doctor right away. tell your doctor about any history of depression or other mental health problems, which could get worse while taking chantix. don't take chantix if you've had a serious allergic or skin reaction to it. if you develop
any accidents to report. >> thank you erica. congress has reached an agreement that gives the nation from going over the fiscal cliff. >> the house of representatives voted last night to approve the senate bill passed earlier in the day. >> mark the shade cast story. >> on this vote the yeahs are to 57 the nas are to 57. >> raising taxes on individuals earning more than $400,000 a year and couples earning 100 more than two and 2000 hours per year. >> earning more than $250,000 per year. >> the obligation was to bring a balanced bill one that has tax adjustment yes but spending cuts as well. this one failed badly. >> president obama praised lawmakers to for reaching an agreement. >> thanks to those of republicans and democrats i will signed a law that raises taxes on the wealthiest 2 percent of americans. >> middle-class americans will still take a financial hit in 2013. they will not pay higher income tax but they will have to pay at least 2% more in payroll taxes. that means most of the country's hundred 60 million workers will see smaller paychecks. i markemartha shade reporting. >
was better than last because it was colder. david: idiots, idiots, one word. thank you, gang. melissa: i'm melissa francis and here's what's "money" tonight. just when you think we're in the clear, congress reels us right back in. yes, there is finally fiscal cliff deal. now a brand new showdown looms over the debt ceiling. when will the madness end? we'll ask republican senator john barrasso. >>> plus a sperm donor being forced to pay child support. despite his signing away all parental rights before the baby was born. we'll look at money impact on the baby business everywhere. >>> and this picture will self-detruck in 10 seconds. the snap chat picture sharing app takes smartphones by storm. deletes content explicit or otherwise in just seconds after viewing it. or does it? how users could be literal caught with their pants down. we'll explain that one coming up. even when they say it's not it is always about money melissa: let's get right to a developing story right now. moody's rating agency just warning a short time ago that the fiscal cliff deal does not go far enough. moody's warni
about the middle class america. >> kelly: and the 113th congress coming into office in january. and angela and mark, thank you for sharing insights on this tough, tough situation for us. thank you. >> thank you, kelly. >> kelly: thank you. >> to a fox news alert. new details on the deadly plane crash out of russia. police now say that four crew members are dead, and four others have been injured after an airliner landing into one of moscow's international airports, overshot the runway and crashed into a nearby highway. take a look what happened. officials say the the plane, which has the capacity of carrying up to 210 passengers was empty, as it was on its way home from the czech republic. the cause of the crash is unknown, but officials are looking into whether a powerful snowstorm into the area may be to blame, we will keep you posted. >> hundreds of firefighters from across the united states and canada heading to webster, new york, for a second day, for the wake and funeral services of these two fallen heroes you're looking at. the two volunteer firefighters were killed in a
something. it's the house that's the problem. it's always been. and this is the same congress that has been behaving this way for two years. >> thank you, joy, thank you clarence. we have a great programming note. on sunday, president obama will be david gregory's guest on "meet the press." that's this sunday on "meet the press." but coming up next, whatever became of john boehner. remember him? not too long ago, he was the leader of an increasingly powerful republican party in the house. now, he can't even get his own caucus to approve his celebrated plan b. >> and later, through the magic of digital recording, talking about even the most common sense proposals to limit the ability of assault weapons. and with his annual list of best political movies of the year. this is "hardball," the place for politics. bacon and cheese add up to 100 calories? your world. ♪ [ whispers ] real bacon... creamy cheese... 100 calories... [ chef ] ma'am [ male announcer ] progresso. you gotta taste this soup. like say, gas station sushi. cheap is good. and sushi, good. but cheap sushi, not so good. it's lik
the republican congress at this point in the voting first off it appears there is enough votes thanks to democrats to get this bill through. if nobody changes this vote, the 223 beau sia now see on your screen is enough to pass this through congress if nobody changes their votes. also of nobody changes their votes republicans significantly voted against this proposal. already 142 more than half of their conference which is 241, 76 republicans voting yes so it's not a total embarrassment for house speaker john boehner. he gets a significant piece of this conference to vote for so far so 21 members have cast their vote and the possibility people changing their votes that this is democrats bringing this across the line, 155 fm to 13 voting against it. this is something that democrats like politically because they like to be seen in voting for this as the responsible party in washington. you do have a significant number of republicans voting for it at this point in house speaker john boehner also voted for it but he also a latitude bring it into the floor. it is inaccurate to say that con
the wealthy at the expense of working middle class americans. and tonight, we've done that. and thanks to the votes of the democrats and the republicans and congress. and i will sign a law that raises taxes on the wealthiest 2% of americans, while preventing a middle class tax hike that could have sent the economy back in the recession and obviously they had a severe impact on families all across america. i want to thank all the leaders of the house and senate. and in particular i want to thank the work that was done by my extraordinary vice president joe biden as well as leader harry reid, speaker boehner, nancy pelosi and mitch mcconnell. everybody worked very hard on this and i appreciate it and joe once again i want to thank you for your hard work. under this law, more than 98% of the americans and 97% of the small businesses, they will not see their income taxes go up. millions of families, they will continue to receive the tax credits to help raise their kids and send them to college. the companies will continue to receive tax credits for the research that they do. the investment
that thanks to the votes of democrats and republicans in congress. i will sign a law that raises taxes on the wealthiest 2% of americans while preventing a middle class tax hike that could have sent the economy back into recession and obviously had a severe impact on families all across america. i want to thank all the leaders of the house and senate. in particular i want to thank the work that was done by my extraordinary vice president, joe biden, as well as leader harry reid, speaker boehner, nancy pelosi and mitch mcconnell. everyone worked really hard and once again, joe, i want to thank you for your great work. under this law more than 98 % of americans and 97% of small businesses will not see their income taxes go up. millions of families will continue to receive tax credits to help raise their kids and send them to college. companies will continue to receive tax credits for the research they do, the investments they make and the clean energy jobs they create. and 2 million americans who are out of work but out there looking pounding the pavement every day are going to continue
and the new congress will have to start all over again. >> eric: all right. thanks. >> coming up, russia has banned adoptions by u.s. families. coming up, we will speak with a couple in the process of adopting this little boy, about their ordeal and how right now, they can't bring him home and give him the life that they say he deserves. >> eric: we will give smuadvice about how young people can start now for planning for their retirement. that's right, without breaking the bank. advice on building, not breaking your nest egg, as you get older. >> we are just 48 hours away from new year's eve. why is all that confetti falling now? we will have an answer, coming up. sometimes what we suffer from is bigger than we think ... like the flu. with aches, fever and chills- the flu's a really big deal. so why treat it like it's a little cold? there's something that works differently than over-the-counter remedies. prescription tamiflu attacks the flu virus at its source. so don't wait. call your doctor right away. tamiflu is prescription medicine for treating the flu in adults and children one year a
ceiling. that's a fight congress is going to have in january and february. >> nancy cordes thank you. more than $100 billion in required spending cuts would also kick in if there's no deal. at the white house, major garrett says the obama administration is getting ready for those across the board cuts. major, what exactly is the white house doing to prepare? >> reporter: good morning, norah and anthony. the obama administration is in the final stages of delivering layoff notices it will deliver to federal agencies across the government, this to comply with across the board spending cuts 6% to 7% that are required in the so-called fiscal cliff. agencies will decide which employees to lay off and when. as part of these preparations, the administration also has notices it will soon deliver to delay or cancel federal government contracts. as for negotiations themselves it is a bit of a team effort here at the white house. president obama is dealing directly and spoke frequently sunday with the senate majority leader harry reid while vice president joe biden spoke freque
many sticking points we were up against before. thank you so much. >> reporter: thanks. >> any deal from the 11th hour talks will be rushed through both chambers of congress. mike viqueira at capitol hill for us. is that possible at this point? >> reporter: it's possible. whether it's likely is an entirely different matter, t.j. it's interesting how the president approached this. in a holiday cheer, getting the crowd in to it. laughing with the people. not a bellicose president at all. however, if you look at what house aides are saying and members of congress reacting just in the few minutes since the president finished talking, it's on the republican side, i should say, not receiving his comments well at all and view it as an attempt by the president to jam them to create a sense of momentum that a deal is all but done but it is not all but done according to to some of them. there's an issue of sequestration. the argument from republicans and some democrats, t.j., well, hey, this was supposed to be the trigger. this is supposed to be the apocalyptic scenario to force us to finally
the initial plan passed. >> peter, thanks. we know everyone's taxes are going up if congress fails to reach a deal. here's the breakdown here. incomes under $20,000 will get hit with a $400 tax hike. between $20,000 and $40,000, more than 1,200 more. $40,000 of $65,000, $1,900 and between $65,000 and $108,000, expect to pay $3,500 more in taxes and anything above that, uncle sam's going to take more than $14,000. joining me to talk about this, congressman yarmuth of kentucky. you are due back in washington sunday we're told. what will you tell your constituents if they're subject to those tax hikes that i just showed? >> well, i'm going to tell them what i've been saying and that is that unfortunately we have a republican majority in the house that doesn't believe in raising taxes on anyone, no matter how well think they may be. and really, is not interested in a balanced approach to deficit reduction. it's been pretty clear that that's the story we have been telling and it happens to be the truth. >> i understand that two of colleagues proposed cuts to medicare for a hike in the debt ceili
as the second term curse. american presidents win re-election to have a rough year thanks to legislative overreach. sometimes it's souring relations with congress, unforeseen external events and of course, scandal. and in his first post-election press conference, the president himself acknowledged his predecessors had their struggles. >> i don't presume that because i won an election that everybody suddenly agrees with me on everything. i'm more than familiar with all of the literature about the presidential overreach in second terms. >> but familiarity doesn't always do the trick. here's president clinton after his re-election in 1996. >> in modern times, second terms for presidents have been either disappointing or disastrous. i wonder if you have drawn any lessons on why that is so. >> the things which derail a second term are basically three. one is some external event intervenes and the president can't fulfill his dreams or hopes for his agenda. sometimes a president thinks he has more of a mandate than he does and tries to do too much. and the third is that sometimes a president es
the house approved the bill. >> thanks to the votes of democrats and republicans in congress, i will sign a law that raises taxes on the wealthiest 2% of americans while preventing a middle class tax hike that could have sent the economy back in a recession. >> i wish i could say this is a proud moment. a moment in which we started the year off right. in which the first of january was the first of great many good things. it isn't. we are kicking the can down the road. >> new members of congress are going to be sworn in tomorrow over the next two months. they will have to resolve the issues this last minute deal did not address which includes the u.s. debt cut and spending cuts. the deal to avert the fiscal cliff has many in holiday celebrate -- in hollywood celebrate. >>> and that caused an outcry from new york area lawmakers. >> i truly feel betrayed. one of congress' most basic responsibilities is to help families. communities, businesses recover. >> the senate already passed a $60 .4 billion measure. the house was expected to vote on it. republican leaders say the deal took so much tim
. >> all right. thank you very much. >> so congress's action means the income tax for most will not go up but you will see another tax hike this year. >> sarah simmons is back with us now to explain that. >> hey, a lot of people might be confused. there is a tax we are talking about and that is the payroll tax. this is the amount that gets taken out of your check to go towards social security. for the past two years it was reduced to 4.2% in order to give you a break. the fiscal cliff bill passed last night did not include an extension of the payroll tax cut so now the rate goes back up to 6.2%. here's what this means. a household earning 50,000 $50,000 a year will see paychecks cut by $1,000 this year. for workers making as much as $110,000 a year which is the maximum wage subject to the payroll tax that's $2200 less coming home. this could still be a big hit to the economy. with some predicting smaller economic growth. they add it is likely a surprise to many americans who had heard about income tax rates and not the payroll tax. there is some good news to show. the fiscal cliff bill in
the soonest a deal may come could wind up being january 3rd when the new congress takes over. reporting live in washington, i'm danielle lee. >> thank you, danielle. >>> millions of americans may watch the ball drop in times square, but a group of democrats is organizing its own ball drop on capitol hill. they will launch their countdown today. they say their ball represents republicans dropping the ball on middle class families should lawmakers fail to reach a deal to avoid the fiscal cliff. >>> going over the fiscal cliff could have a huge impact on the local economy. thousands of people can lose their jobs, especially federal employees and government contractors. the defense industry could face billions of dollars in cuts. >> the third largest number of federal employees and probably the largest single number of federal contractors. so that federal nexus is really important to our economy. we need to end the uncertainty. >> economists say it's possible for us to "step over" the cliff. that means lawmakers will reach some kind of a deal in a few weeks after the new year begins. >>> breakin
. >> and happy new year to you. >> thank you, gary. >>> and economists are warning that going over that fiscal cliff could pull us all back into recession. congress impressional democrats attended a new year's eve style rally saying the fiscal cliff ball is in the republican court. surae chinn is on capitol hill. >> i'm urging congress to take action, stop playing games, and let's move on. >> reporter: frustration has boiled over for bob packer, a small business owner. >> i'm disappointed and angry. if they were my representeddives, i'd certainly vote them out of office. >> on tie mitchell of brokering a deal is waning. >> we do have a chance, an outside chance to get this done. >> we need two words. presidential leadership, on not just taxing rich people. >> reporter: some democratic lawmakers are calling on the house speaker to call house republicans back to work. >> bring the house back now. show up to work. >> reporter: the speaker has ordered republicans back on sunday but democrats want them to return sooner. both sides are blaming each other for the lack of compromise. democrats say hou
americans. tonight, we have done that. thanks to the votes of democrats and republicans in congress, i will sign a law that raises taxi -- taxes on the wealthiest 2 percent of americans while preventing a middle-class tax hike that could have sent us back into recession and had a severe impact on families all across america. >> house republicans initially condemned the compromise bill for not cutting deeply enough into social programs. still, 85 republicans backed the bill, bringing the final tally in the house to 257 in favor with 167 voting against the compromise followed tense negotiations between republicans and democratic leaders. we'll have more after the headlines with economist juliet schor. house republicans have reversed their pledge to take up in emergency aid bill this week for states devastated by superstorm sandy. the move potentially leaves the $60 billion aid package to die at the end of the legislative session on thursday. the house was expected to consider the bill today, but dropped it following lengthy talks on the fiscal cliff. the decision drew harsh condemnation
congress gets sworn in and if they don't pass a bill by then we go back to square one. >> mason: nancy cordes at the capitol. thank you, nancy. major garrett is following developments at the white house. major, what do you hear from there tonight? >> reporter: anthony, the president spent the afternoon in the oval office, january 1, new year's day, presiding over a country and economy that has technically gone over the fiscal cliff. at this hour, anthony, white house officials tell us the president is somewhat optimistic that republicans, despite their misgivings and reservations will find a way to either have an amendment process or come narrowly close to one but ultimately allow this senate compromise to come up for an up-or-down vote and the president, in confering with nancy pelosi, believed there are sufficient house democratic votes with a few republican votes to get this deal done. the vice president, joe biden, spent a lot of time with house democrats today. that was a very persuasive presentation, house democratic officials tell me. there are lots of votes on the democratic si
congress. liz: rich edton, live from d.c., thank you so much. david: let's go down to bill greiner, mariner wealth adviser's cio, sandy lincoln is vmo global asset management u.s. chief market strategist, and larry shover live in the pits of the cme. larry, we mentioned housing when we came in. nobody saw a year ago housing taking off great guns the way it has. is there one area, maybe one sector that you would look at for 2013 to be the surprise takeoff stock or sector for 2013? >> yeah. for me it would be definitely financials. and it's just going to continue to go just like it did this past year, because i think we're all -- including the market -- completely underestimating the tailwinds that the recovering housing market's going to have. even like the median estimates for next year is housing's going to rise maybe 3 or 4%. that's wonderful for footballs. so that -- financials. so that's the area if you're not in, i would get in right away for 2013 even though it's already started to move and has moved the past six months. liz: okay, so you're saying double down on financials, but what
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